World News

Supreme Court quashes RBI directive on bad debt

Ratings agency Moody’s said a fresh ruling coming from India’s top court that will voided guidelines about how lenders should resolve their bad debts is actually potentially bad news for Indian banks. On Tuesday, the Supreme Court said India’s central bank exceeded its authority when the item tightened those guidelines last February. As a result, the top court declared the ...

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Chinese stock investors are bullish on global stocks in 2019

Qilai Shen | Bloomberg | Getty Images Investors stand in front of an electronic stock board at a securities brokerage in Shanghai, China, on May 30, 2018. Investors in China expect global stock markets to go up that will year, as well as also are more worried about slowing world growth than they are about the trade war, according to ...

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Germany could enter a recession in 2019, economist says

Germany recorded the entire world’s largest current account surplus, which measures the flow of goods, services in addition to investments, for a third year running in 2018 due to its strong export-orientated economy, however the risk of U.S. tariffs on European car imports has damaged industry confidence. Germany has been repeatedly criticized for not using its surplus to boost public ...

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Dubai Emirates NBD acquires Turkish bank coming from Russia for $2.7 billion

Dubai’s largest bank is usually producing massive savings on its purchase of Turkish Denizbank coming from Russian state lender Sberbank thanks to the past year’s crash from the lira. A revised purchase agreement signed Tuesday saw Emirates NBD acquire 99.85 percent of the shares of Denizbank for 15.48 billion lira, or $2.76 billion. The United Arab Emirates’ second-largest bank paid ...

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Volkswagen begins testing automated cars in Hamburg

Volkswagen has commenced testing automated vehicles in Hamburg, Germany. The tests, being carried out by Volkswagen Group Research, will see several e-Golfs take to a three kilometer section of road within the major port city. The vehicles have laser scanners, radars, ultrasonic sensors as well as cameras. Test drivers will be behind your vehicle’s steering wheel at all times to ...

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Global economy in ‘a delicate moment’ as well as also ‘losing momentum’

Kazuhiro Nogi | AFP | Getty Images International Monetary Fund (IMF) managing director Christine Lagarde speaks during a press conference in Tokyo on October 4, 2018. The global economy can be in “a delicate moment,” said the International Monetary Fund’s managing director, Christine Lagarde. “The growth can be losing the momentum which we had hoped for pretty much across the ...

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Global economy in ‘a delicate moment’ as well as also ‘losing momentum’

Kazuhiro Nogi | AFP | Getty Images International Monetary Fund (IMF) managing director Christine Lagarde speaks during a press conference in Tokyo on October 4, 2018. The global economy is actually in “a delicate moment,” said the International Monetary Fund’s managing director, Christine Lagarde. “The growth is actually losing the momentum of which we had hoped for pretty much across ...

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Theresa May hopes to extend Brexit delay as she negotiates with Labour

Keeping Britain closely tied to the EU after Brexit will be anathema to much of the Conservative Party. Many Brexit-backing Conservatives were livid at May over her overture to Corbyn. “This particular will be a deeply unsatisfactory approach, the item will be not from the interests of the country, the item fails to deliver on the referendum result along with ...

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Bezos Saudi hacking allegations lack detail: experts

De Becker speculated the Saudis sought to expose Bezos’ affair as retaliation, after the Bezos-owned Washington Post published reports criticizing the Saudi government’s apparent involvement within the killing of Post columnist Jamal Khashoggi. De Becker’s piece describes a great deal of drama surrounding AMI, including missteps made by the company within the past, the wording of emails via AMI which ...

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